A taxpayer has failed in claiming deductions for overtime meal expenses before the Administrative Appeals Tribunal (AAT). The AAT denied his appeal because he was not paid an allowance under an industrial agreement.

The office is a lot like a school classroom. Both have a boss who watches over you, making sure you're doing your work, and both see you thrust into an environment with people you might not otherwise want to hang out with.

In a long-running saga, the High Court has unanimously dismissed the appeals of four corporate taxpayers.

The Court confirmed the taxpayers were Australian residents for income tax purposes, and therefore liable to tax in Australia on the profits they made from share trading activities on the Australian Stock Exchange.